Hasbro, Inc. $HAS Shares Acquired by Brighton Jones LLC

Brighton Jones LLC raised its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 66.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,361 shares of the company’s stock after acquiring an additional 3,727 shares during the period. Brighton Jones LLC’s holdings in Hasbro were worth $691,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. DekaBank Deutsche Girozentrale increased its position in shares of Hasbro by 0.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 34,020 shares of the company’s stock valued at $2,490,000 after acquiring an additional 167 shares during the last quarter. RNC Capital Management LLC increased its position in shares of Hasbro by 1.3% during the second quarter. RNC Capital Management LLC now owns 13,295 shares of the company’s stock valued at $981,000 after acquiring an additional 170 shares during the last quarter. Atlantic Edge Private Wealth Management LLC increased its position in shares of Hasbro by 21.6% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company’s stock valued at $64,000 after acquiring an additional 186 shares during the last quarter. Pinnacle Bancorp Inc. increased its position in shares of Hasbro by 18.3% during the second quarter. Pinnacle Bancorp Inc. now owns 1,307 shares of the company’s stock valued at $96,000 after acquiring an additional 202 shares during the last quarter. Finally, Amalgamated Bank increased its position in shares of Hasbro by 0.9% during the first quarter. Amalgamated Bank now owns 27,783 shares of the company’s stock valued at $1,708,000 after acquiring an additional 247 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on HAS shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Hasbro in a research note on Wednesday, October 8th. Morgan Stanley raised their price objective on shares of Hasbro from $85.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Zacks Research lowered shares of Hasbro from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Citigroup raised their price objective on shares of Hasbro from $91.00 to $97.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Finally, The Goldman Sachs Group raised their price objective on shares of Hasbro from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Ten investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Hasbro currently has an average rating of “Moderate Buy” and an average price target of $89.18.

Hasbro Trading Down 0.2%

NASDAQ HAS opened at $77.94 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 1.70 and a debt-to-equity ratio of 7.65. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $82.19. The stock has a market capitalization of $10.93 billion, a PE ratio of -19.44, a price-to-earnings-growth ratio of 1.00 and a beta of 0.60. The firm has a 50 day moving average of $76.90 and a two-hundred day moving average of $71.86.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.63 by $0.05. Hasbro had a negative net margin of 12.81% and a positive return on equity of 82.17%. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the business posted $1.73 EPS. The firm’s revenue was up 8.3% on a year-over-year basis. As a group, research analysts expect that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.6%. The ex-dividend date is Wednesday, November 19th. Hasbro’s payout ratio is -69.83%.

Insiders Place Their Bets

In other Hasbro news, insider Timothy J. Kilpin sold 8,557 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total transaction of $696,882.08. Following the completion of the transaction, the insider owned 44,301 shares in the company, valued at $3,607,873.44. The trade was a 16.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Christian P. Cocks sold 27,800 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $78.92, for a total transaction of $2,193,976.00. Following the sale, the chief executive officer owned 249,861 shares of the company’s stock, valued at $19,719,030.12. This represents a 10.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 37,359 shares of company stock worth $2,970,828 in the last 90 days. Corporate insiders own 0.85% of the company’s stock.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.